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Can someone explain what the casino house edge is and why it matters?

1 Answer

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by (780 points)
The casino house edge is the mathematical advantage that the casino has over the player in any given game. It represents the percentage of each bet that the casino expects to keep as profit over the long run. For example, in roulette, the house edge is 2.7% due to the presence of the green zero, which means for every bet made, the casino expects to retain 2.7% on average. The house edge ensures that the casino will win in the long term, despite the outcomes of individual bets.
Question2Answer fatal error:

Reading one value from empty results

Stack trace:

require() in index.php:27
require() in qa-index.php:189
qa_output_content() in qa-page.php:53
html() in page.php:359
body() in qa-theme-base.php:271
body_content() in qa-theme-base.php:391
main() in qa-theme.php:264
main_parts() in qa-theme-base.php:727
main_parts() in qa-base.php(720) : eval()'d code:51
main_part() in qa-theme-base.php:836
a_list() in qa-theme-base.php:882
a_list_items() in qa-theme-base.php:2282
a_list_item() in qa-theme-base.php:2290
a_item_main() in qa-theme-base.php:2311
a_item_content() in qa-theme.php:554
getVideoIdFromDb() in qa-base.php(720) : eval()'d code:42
qa_db_read_one_value() in qa-base.php(720) : eval()'d code:73